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5//SEC Filing

Giordano Enrico 5

Accession 0001010549-18-000067

CIK 0001437517other
View on SEC.govCompany Profile

Filed

Feb 19, 7:00 PM ET

Accepted

Feb 20, 9:44 AM ET

Size

25.4 KB

Accession

0001010549-18-000067

Insider Transaction Report

Form 5
Period: 2017-12-31
ADVANCED CREDIT TECHNOLOGIES INCACRT
Giordano Enrico
Secretary/Treasurer
Transactions
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 6,600,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 7,100,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 7,600,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 8,600,000 total
    → Common Stock (500,000 underlying)
  • Award

    Annual Stock Award

    2017-07-28+100,000→ 5,100,000 total
    → Common Stock (100,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 5,600,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 6,100,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 8,100,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 9,100,000 total
    → Common Stock (500,000 underlying)
  • Award

    Incentive Stock Option Award

    2017-07-28+500,000→ 9,600,000 total
    → Common Stock (500,000 underlying)
Footnotes (5)
  • [F1]Strike Price for each Incentive Stock Option Award shall be set at 110% of the average of the closing bid price for the ten days preceding the Company's achievement of each milestone.
  • [F2]Annual Stock Awards are awarded annually starting on 7/28/2018 and will continue to be received annually so long as the Executive is in continous service to the Company as defined by the Employment Agreement.
  • [F3]Each Incentive Stock Option Award is earned upon the Company's achieving increments of $1,000,000 in Gross Revenue (the "milestone") up until the Company achieves $10,000,000 in cumulative Gross Revenue.
  • [F4]Each Incentive Stock Option award expires 5 years from the date each milestone is achieved.
  • [F5]The annual stock award is a stock grant based on continuous years of service to the Company and therefore does not have an exercise price.

Documents

1 file

Issuer

ADVANCED CREDIT TECHNOLOGIES INC

CIK 0001437517

→
Entity typeother

Related Parties

1
  • filerCIK 0001566991

Filing Metadata

Form type
5
Filed
Feb 19, 7:00 PM ET
Accepted
Feb 20, 9:44 AM ET
Size
25.4 KB
View on SEC.gov